This is just unbelievable. Every time I'm about to pull the buy trigger, it goes up more.
Buying at this price scares me, but not buying also does.
Just kind of sitting here in a daze doing nothing but watching my percent green go up. What a problem to have.
I sold covered calls corresponding to one third of my position: January 2015, 65 strike price, premium $13.30. Will cash out with equivalent of $78.30 in January 2015 if stock is above 65, otherwise I keep the $13.30.
I will sell another third if SRPT common bumps up to 65-70. There are other ways of playing SRPT, but this is how I take profits in biotechs and it has served me well with PCYC and others
To be honest, I was thinking of selling a just little bit when above 51$, doing some dirty trading.
But I didnt, and am just watching the market unfold. I am fine for now. To me, the really interesting presentation will be in Naples next week (Kole speaking hopefully). Will decide afterwards what to do.